this post was submitted on 22 Aug 2025
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AFAIK the US government also made money off of the 2008 bailouts, at least I am sure they had to pay it back, but for some reason I think it lives in people's minds as it was like a one time gift of money to those banks and they didn't have to pay it back or anything.
Perhaps seeing your government continually use your tax money to bail out industry that has no tangible benefit to anything but the stock market while fighting against every penny directly invested into the taxed populace colors peoples’ perception a bit.
I disagree with the "no tangible" benefit part, the Worlds economy was about to completely collapse, if you think things are bad now I am sure it could have been much much worse, possibly ww3 post apocalyptic hell-hole.
I do agree the US government sucks and should have implemented more regulations after and fucked up when they didn't. But on the other hand, you guys are the ones with a Fascist government so you do keep electing these people.
Yes, I know I didn’t address nuance of economy and labor market in the curtness of my reply. But that is often poorly communicated or not at all, so we just see another private entity getting our money gratis or with very low interest.
Add onto that the de facto American policy that private citizens are on their own, circumstances be damned, while the capitalist interests get rescued every time their greed and other missteps hurt their ability to compete in the sacred free market and maybe you can see why people are less than charitable with how they perceive these events.
I think you arguing perception and I am arguing disinformation or lack of information as in if you went around the streets and asked some people whether the bailout money was paid back you'd get more people thinking it was just given to them.